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Optimization and renegotiation of commercial leases for Agilitas Group (Interim Offices)

In a first phase, 75 locations were benchmarked and based on the current rent paid and the timing in the agreement, a scope was composed of 2 waves with a total of 24 contracts.

All locations involved were subsequently analyzed from a spatial, technical and contractual point of view.

  • The location of the premises was then examined spatially. This involved subjecting the rental price for the region to detailed benchmarking and comparing it with the rental price currently paid. In order to carry this out correctly, Freestone is able to call upon a large database containing more than 4,000 reference points throughout Belgium.
  • The office was examined in detail from a technical standpoint. This involved checking whether the m² rented is seeing optimum use. The surface area is “weighted” on the basis of the first daylight zone, floor number and useful space, which is reflected in the price.
  • As per the contract, Freestone entered into discussions with the owner to adapt the current conditions to the market standard as far as possible, based on its analysis and benchmarking (“facts and figures”).

PROJECT FILE

  • Customer: Agilitas
  • Project: Optimization rental agreements
  • Timing: 2018-2019
  • Location: Belgium
  • Scope: 24 contracts
Agilitas
  • Review of contracts in terms of financial conditions and timing
  • Benchmarking
  • Analysis of the owner's profile (private, professional)
  • Analysis of the intrinsic characteristics of the office and close environment
  • Scope definition and prioritization
  • Negotiation
  • Contractual settlement
  • Reporting

Freestone achieved a saving of 10% within the contracts handled, which resulted in an attractive recurring rent saving for Agilitas Group. Freestone handled every file in its entirety and was responsible for the commercial settlement, including the development of addenda or new lease contracts.

Freestone's approach

Result

Freestone achieved a saving of 10% within the contracts handled, which resulted in an attractive recurring rent saving for Agilitas Group. Freestone handled every file in its entirety and was responsible for the commercial settlement, including the development of addenda or new lease contracts.

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